Auditing Networthy Assurance Acknowledgement

Question: Portray about the Auditing for Networthy Assurance Acknowledgment. Answer: Presentation Evaluating and Assurance Services expect imperative part in affirmation of the inborn business danger inside the affiliation. Inspecting and Assurance Services help the business relationship with knowing their needs keeping record of their business trade and moreover presenting information from record of the money related events, which occurred during the time inside the affiliation (Anderson, 2006). The grasped report is about the looking at report of a champion among the best Australian association, One Tel, which is gave path inside the six years of its activity inside the field of media transmission. Here the about the components, which accept basic part in looking over the inborn threats are analyzed. Fundamental body Conversation on factors adding to expanded innate hazard evaluation There are various elements that have fundamental duty to the extended peril assessment at the money related report level. A segment of the fundamental factors are insufficient structure of the business affiliation, nonattendance of master ethics and furthermore deficiencies in the corporate organization system of the affiliation. The top level organization of the association close by the key cash personals was debased (Aven, 2010). The inspectors of One. Tel BDO and Ernst Young both were lacking with respect to trustworthiness and uneven to the organization and the key budgetary master of the association. It very well may be normal that in the midst of the crucial business danger examination the components like wrong structure of the business, lacking of business morals and insufficiency in the corporate administration may be perceived as all these are the essential explanation of the breakdown of One. Tell and explanation behind the liquidation of the association (Ruhnke and Schmidt , 2014). Distinguishing proof of perceived components during key business hazard evaluation According to the cash related clarification of the association, it very well may be seen that in a conclusive monetary record decree of the association that the danger of the association is dependably growing in the income articulation (Shapiro, 2006). It is watched that the working cost of the association is considerably more conspicuous than the working advantages conversely with the receipts from the customers the portion to the providers and agents is substantially more essential and purpose behind the mishap in the working of the business to the association (Centner, 2014). An association and the organization staffs of that particular association must have the tantamount focuses for the destiny of the association. In any case, it can't be found in all cases, it is as often as possible watched that the purposes of the owners and organization staffs of an association is differentiate from the objectives of the investors of the association and in these cases the issues develops. Th is particular condition is suggested Principle Agent Problem (Damodaran, 2008). The association One. Tel face similar kinds of issue and it is the essential driver of the breakdown of the association. Conversation on natural hazard factors and their job in expanded characteristic hazard evaluation The dreadful corporate administration of the One Tell Company recognized as the key explanation of the liquidation of the association. The helpless organization structure of the association is in like manner one of the basic reasons of its liquidation. It is watched that in 1998, the main body of the Company was made out of only four people (Heinrichs, 2012). Who were non official head of the association. Among the four boss, three of them were subject to the reliably race. Also, the fourth one was Jodee Rich, the CEO of One. Tel association, who was not take out by the investors of the association. Fulfillment of the year 1998 the main gathering of the association was connected with have eight people. Also, among the 8 board people three were the auxiliary colleague of the Jodee Rich the CEO of the association. The budgetary and furthermore the survey warning gathering of One Tell included with 2 people who are close of the CEO of the association. It is watched that regardless of th e colossal pay of 2.3 million AUD and award of 82.5 million AUD for the 3 authority boss, the administrators get portion of another compensation of 14.2 million AUD when the association caused loss of 292 million AUD in 2000 (Iverson, 2013). It is recognized that that for covering the information to everybody recommendations rewards were appear as delayed expenses nearby the set up cost of the association in Europe as the essential game plan of overall advancement of the association. Evaluate the dangers as high medium or low The association has high dangers and furthermore, low acquiescence technique with kind motivation for the new buyers won't not be done in the little market of Australia. In Australia, there are 6 telecom specialist organizations of cell phone and the second most noteworthy number in assessment whatever other country over the world (JordaãÅ"æ'o and Sousa, 2010). Other than this, the utilization of the association was a piece of its money related breaking point. The business arrangement of the association was energetically depended on upon the enormous associations Telstra and Optus and the two associations are the competitors of the association One Tell. One Tell was trading over the top phone limit, which are made sure about from Telstra and Optus and the association offered humble packs to the customers (Paramasivan and Subramanian, 2009). ID of the persuasive elements for powerful dynamic The other ground-breaking thinks about that help viable fundamental administration are along these lines charging system dissatisfaction. It is obvious in the evaluating method that the desires for the senior IT workers at this association are incredibly defective (McPhee, 2014). The improvement work power were given prizes on the reason of advantageous creation and develop of new undertakings close by the system. Thusly, the getting ready and also movement of the requesting to the buyers was conceded and along these lines the association couldn't follow the receipts from the purchasers (Merna and Al-Thani, 2008). The charging course of action of the association was formed insufficiently and not watched for the long time. End Plainly the breakdown of the Company One Tell can't be shown any of the get-togethers. There was absent of the structure of the association, insufficiencies in the master ethics close by the corporate organization, which can be denounced for the breakdown of the association. Everyone should be considered responsible for their movement close by the decisions proper revealing of the cash position and moreover the inside control of the association must be watched and broke down standard reason to speak to the movements nearby the improvement of the business affiliation. References Anderson, T. (2006).Perspectives on vital hazard the executives. Kge, Denmark: Copenhagen Business School Press. Aven, T. (2010).Misconceptions of hazard. Chichester: Wiley. Centner, T. (2014). Have US Legislatures Fully Considered Causal Factors in Assigning Liability for Inherent Risk Accidents?.Journal of Business Systems, Governance Ethics, 6(1). Damodaran, A. (2008).Strategic hazard taking. Upper Saddle River, N.J.: Wharton School Pub. Heinrichs, D. (2012).Risk living space megacity. Heidelberg: Springer-Verlag Berlin Heidelberg. Iverson, D. (2013).Strategic hazard the board. Singapore: Wiley. JordaãÅ"æ'o, B. also, Sousa, E. (2010).Risk administration. New York: Nova Science Publishers. McPhee, J. (2014).Mastering Strategic Risk. Hoboken, New Jersey: Wiley. Merna, T. also, Al-Thani, F. (2008).Corporate hazard the executives. Chichester, England: Wiley. Paramasivan, C. what's more, Subramanian, T. (2009).Financial administration. New Delhi: New Age International (P) Ltd., Publishers. Ruhnke, K. what's more, Schmidt, M. (2014). Misquotes in Financial Statements: The Relationship among Inherent and Control Risk Factors and Audit Adjustments.AUDITING: A Journal of Practice Theory, 33(4), pp.247-269. Shapiro, A. (2006).Multinational money related administration. New York: J. Wiley Sons.

Interesting Types of Smells to Dogs Essay Example for Free

Fascinating Types of Smells to Dogs Essay Canine mutts have a specific propelled feeling of smell that is considerably more evolved than people. Pooches, in any variety, have scenting organ situated in its mouth that transmits vital data to the dog’s cerebrum. This capacity empowers canines to identify even the smallest fragrance in the earth. Conversely with human who has just around 5,000,000 aroma receptors, hounds have around 200 million that outperforms the capacity of people to recognize various aromas accessible in nature. Dog’s nose has dampness that empowers them to trap fragrance particles that empowers it to segregate various aromas. (Mysterious, 2007) One specific fascinating fragrance to hounds is pee. To hounds, pee fragrance resembles a unique finger impression among people. It exemplifies distinctive data which incorporates the sex and age. Pooches that sniff trees, electric shafts, and fire hydrants are gathering data by perusing different aromas left by hounds. The pee of an in heat female pooch for instance contains pheromones than hounds that are unavailable. (Mysterious, 2007) Other fragrance signals incorporates the butt-centric organs, stool and spit which all contains olfactory data that mutts are intrigued to take a few to get back some composure of. That is the reason hounds who are acquainted with other new canines are quick to smell the back finishes to get data on another dogs’ age, sex and relationship. Indeed, even the fragrances of different mutts uncover its certainty and societal position among different canines. Another fascinating aroma to hounds is human fragrance. Mutts can recognize human aroma because of the leftovers of skin cells and human tissue particles. (Mysterious, 2003)With the assistance of the dog’s memory, hound recalls the diverse smell of individuals acquainted with them. A specific kind is the smell of a dog’s proprietor. It passes on a feeling of solace and wellbeing for the canines to recollect of its proprietor. Personal stench empowers mutts to identify the disposition of individuals. A few analysts established that â€Å"happy tears† contains unexpected synthetic substances in comparison to â€Å"angry tears†, and specialists accept mutts can decide the distinction. Fragrance, tobacco smoke, antiperspirant, and different scents that wait on skin and dress, consolidate to make up a person’s singular smell. Canines can be now and again befuddled when its proprietor for instance, changes a portion of the scents it principally has. (Kryptiks) Dogs can be killed by smells unappealing to them. Citrus smells, for example, lime, lemon and orange, and zesty scents like red pepper can turn hounds off. (Kryptiks) Particularly hounds despise citronella which is regularly utilized in items that are utilized to get hounds far from specific zones. Intermittently, the scents that individuals abhor are the most fascinating to hounds. Waste is a principle model that mutts love to smell. Mutts are likewise specific with their food that is the reason veterinarians encourage proprietors to warm the dog’s food before serving to help the fragrance that empowers pooches to segregate the aroma it produces. (Kryptiks)

What to Do With Short Stories

How to manage Short Stories As of late I got a basic email from a peruser who expressed she composed for the most part short stories, and she did not understand how to manage them. She felt the day of the short story was finished, and that hers got no opportunity of being distributed. She additionally requested that how bring in any cash with them. Nowadays, short composing is regularly deciphered as allowed to peruse, and she needed to put forth a dollar or two from her attempt. I comprehended her disappointment and want. Promptly, I asked her what number of distributions did she purchase every year that took into account the short story. She could check them on one hand. You can figure my reaction to that. In the event that shes not supporting the short story showcase, how might she hope to bring in cash from it? Same goes for verse, puzzles, science fiction and the rest. {Okay, bluster over.) From that point, I proposed the accompanying techniques to acquiring pay from short stories: 1) Contests In the event that you are new to FundsforWriters, I post numerous challenges, and just those that pay $200 or more. Short story rivalries are famous in the challenge world. They generally charge passage charges, which are utilized to subsidize the prize cash and spread costs of judges and online advancement. Attempt to work one per month into your routine. Challenges are the same as submitting to editors. You hazard dismissal, however you likewise play the chances of being found and distributed notwithstanding placing a couple of dollars in your pocket. 2) Self-bar shorts on Amazon Independently publishing isnt only for books or how-to books. Whats extraordinary nowadays is that you can sell digital books, e-shorts, or chapbooks on the web, paying little mind to word tally. Your short probably won't make in excess of 99 pennies, yet its read, and youre on your way as a short story writer. 3) Magazines and treasurys These calls for entries dont holler uproarious, so youll need to focus on scenes like FundsforWriters to discover them. Obviously you have to pursue FundsforWriters, and ideally TOTAL FundsforWriters also. (See https://fundsforwriters.com/all out membership extraordinary/But here are a few markets to support your endeavors: http://thewritelife.com/where-to-submit-short-stories/ amazon.com/Novel-Short-Story-Writers-Market/dp/159963841X/fundsforwriters sfwa.org/class/data focus/guidance for-new-scholars/where-to-submit/ http://thereviewreview.net/distributing tips/show-me-artistic magazines-pay 4) Crowdfunding Do you have a short story venture as a primary concern? Contribute it a crowdfunding effort at Kickstarter.com , Indiegogo.com , Pubslush.com , Unbound.co.uk or any of two dozen others. These are the most widely recognized and solid for creators. Study the fruitful battles and gain from the bosses. Acquire cash for your venture and fabricate an after simultaneously. Short individuals rock!

Top Ranked Universities Offering Free Online Courses

Free online courses Many top-ranked universities are now offering online courses for free to the general public, reports a recent New York Times article, Universities Reshaping Education on the Web and a U.S. News article, More Universities Join Free Online Education Provider. Coursera, a company that provides online courses from top universities, is bulking up its list of participating schools and course listings. These new updates will bring the total to 16 universities and approximately 100 massive open online courses, also known as MOOCs. Participating U.S. schools include Princeton, Stanford, Duke, UVA, University of Michigan, and the University of Pennsylvania. New international schools have been added to the list as well, including the University of Edinburgh (Scotland), the University of Toronto (Canada), and Ecole Polytechnique Federale de Lausanne (Switzerland). Coursera has received enrollment from users in 190 countries and many of its courses have subtitles in different languages. As of now, the universities do not offer credits for their MOOCs, but some plan on changing that policy in the coming years. The courses provide online material, video segments, quizzes, online forums, and other activities. Some issues still need to be ironed out such as how to control cheating and to successfully implement peer grading. The number of students participating in this experimental online learning is staggering. Scott E. Page, a Coursera/U. of Michigan professor who teaches model thinking, had 40,000 students download his videos. By most calculations, I had about 200 years worth of students in my class, he said of the phenomenon. There are other companies similar to Coursera that plan on partnering with top schools and launching their own free online courses. Â  Accepted.com ~ Helping You Write Your Best

Valley Forge Essay - 902 Words

Valley Forge: Quit or Stay When a person is in a stressful situation on instinct they have two options, fight or flight. In war the same is true. War is not always bayonets and bullets, it’s the decisions you make during times of hardship. A soldier has to make the decision whether to keep fighting for what they believe in no matter what the stakes or to flee. In December of 1777, George Washington and his troops arrived at Valley Forge. Since the summer of 1775, all has gone well for the Continental Army. More recently Washington was presumably unable to stop General Howe and his British soldiers from claiming the national capital of Philadelphia. With Howe and his army of approximately 18,000 comfortably quartered in Philadelphia,†¦show more content†¦I am no longer fighting for myself, but for my nation and for my fallen comrades whose death must not be in vain. Another reason I must re-enlist is the fact that my government deserves my loyalty. The Committee of C ongress has stayed with us through much of the winter after arriving at Valley Forge a few weeks ago and has given us hope (Document B). That hope has sparked within us a new flood of encouragement and will power. When George Washington was talking to the 5 members of Congress, he expressed the fact that we brave soldiers need help in our battle with Britain (Document B). Even though it’s cold, and we have threadbare clothing that are merely rags, and the Congress members are all dressed in their finest, our spirit is still strong (Document B). Even Dr. Waldo stated that while tending to our sick soldiers, he was surprised by the magnitude of cheerful willingness to proceed with fighting for our cause (Document C). Dr. Waldo expected us to be down on our luck for having to withstand the poor food, fatigue, cold weather, crowded huts, and smoky air quality which was due to poor ventilation, but most soldiers were able to persevere through all of that hardship (Document C). The Committee of Congress makes me feel like someone is listening to our needs. The general supports us and the government cares about us, so I must support my government. Lastly, I am re-enlisting becauseShow MoreRelatedThe Drum Women At Valley Forge1841 Words   |  8 Pages The book Following the Drum Women at the Valley Forge Encampment gave a very good incite to not just what it was like for the men at Valley Forge, but what it was like for the women who were there. â€Å"In the winter of 1777-8 at Valley Forge there were about one woman of every forty-four men† (Loane 133). I think book stressed that these women were incredibly helpful in the effort to rebuild this army through the rough winter, no matter what their job were. 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Essay on Abolitionists - 997 Words

Abolitionists Strategies of Sojourner Truth, Harriet Tubman, and John Brown Abolitionist Movement was a reform movement during the 18th and 19th centuries. Often called the antislavery movement, it sought to end the enslavement of Africans and people of African descent in Europe, the Americas, and Africa itself. It also aimed to end the Atlantic slave trade carried out in the Atlantic Ocean between Africa, Europe, and the Americas. Many people participated in trying to end slavery. These people became known as the abolitionists. The three well-known abolitionists are Sojourner Truth, Harriet Tubman, and John Brown. Sojourner Truth (1797-1883), born into slavery as Isabella, was an American abolitionist and an advocate of†¦show more content†¦She always expressed confidence that God would aid her efforts, and threatened to shoot any of her charges who thought to turn back. For example, Tubman had a very short rule, which implied death to anyone who talked of giving out and going back. She would give all to understand that times were very critical and therefore no foolishness would be indulged in on the road. Her subjects were greatly invigorated by Harriets blunt and positive manner and threat of extreme measures. When William Still published The Underground Railroad in 1871, he included a letter from Thomas Garret, the Stationmaster of Wilmington Delaware. In this letter, Garret describes Tubman as Moses. He success was wonderful. Time and time again she made successful visits to Maryland on the Underground Railroad, and would be absent for weeks at a time, running daily risks while making preparations for herself and her passengers. Great fears were entertained for her safety, but she seemed wholly devoid of personal fear†¦she would not suffer one of her party to whimper once, about giving out and going back, however wearied they might be by the hard travel day and night. John Brown was an American abolitionist, born in Connecticut and raised in Ohio. Unlike Truth and Hubmans peaceful strategies, he felt passionately and violently that he must fight to end slavery. The success of the pro-slavery forces, especially their lack of Lawrence, aroused Brown, andShow MoreRelatedSarah and Angelina Grimke: Influential Abolitionists Essay example755 Words   |  4 PagesSarah and Angelina Grimke Period 3 12/12/12 Sarah and Angelina Grimke were the first Southern women to become influential abolitionist, which spoke on the end of slavery; as well as social and political equality for freedmen and women as well. The Grimke sisters stretched the boundary of women’s public role, by giving speeches to audiences with men and women, and by speaking in front of a state legislature about African American rights. Sarah and Angelina broke many of the social and politicalRead MoreThe Abolitionist Movement. The Abolitionist Movement Started1804 Words   |  8 PagesThe Abolitionist Movement The Abolitionist movement started around the 1830s and lasted until 1865. This movement was a huge step toward our country’s future, attempting to end slavery and racial discrimination. People like William Lloyd Garrison, Frederick Douglass and Harriet Beecher Stowe persuaded others in their cause and elected those with the same views as them in political positions. William Lloyd Garrison started an abolitionist newspaper called the Liberator, Frederick Douglas also wroteRead MoreAbolitionist And The Civil War995 Words   |  4 PagesAbolitionist and the Civil War Three decades before the Civil War, a movement wanted Emancipation for all slaves. The Abolitionists were wanting slavery to be abolished due to moral causes along with courage. Tis movement became and Evangelical crusade in the 1830s. Their main focus and pus was to end the sin-filled behaviors against the slaves everywhere. Personal freedom was exceedingly important and a belief that, â€Å"all men are created,† (Abolitionist Movement,† History, N.p.,n.d.). ThereRead MoreAngelina Grimke Catharine Beecher2203 Words   |  9 Pagesgender, race, or social status that may come in contact with her publishing or be touched by it in any manner. By 1837, Grimke had gained significant clout from both the reverence and contempt of her followers and critics. She stood as a dedicated abolitionist who broke down multiple barriers for the advancement of women’s rights and moral social change. Catharine Beecher’s Essay sets out to rationalize women’s submissive role by claiming a rigid, social hierarchy- divinely instituted- placing men aboveRead MoreEssay On The Abolitionist Movement807 Words   |  4 Pagestheir development. These changes include the Temperance movement, the Abolitionist movement, the Second Awakening, trading and the start of the Industrial Revolution. 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It also aimed to end the Atlantic slave trade carried out in the Atlantic Ocean between Africa, Europe, and the Americans. Black resistance was the most important factor. Since the 1500s Africans and persons of African descent had attempted to free themselves fromRead MoreAbolitionists Abolitionists are an American group who fought endlessly for the immediate600 Words   |  3 PagesAbolitionists Abolitionists are an American group who fought endlessly for the immediate emancipation of slaves. Many abolitionists were devout religious people who believed that slavery violated the divine law. Most of them came from the northeast, northwest, or the upper south. Other than religious reasons, several of these men were driven by the ideals of the American Civil War. These men were not participants in the war and wanted to be apart of the fight for the rights of slaves. SlaveryRead MoreThe Abolitionist Appeal On Slavery Essay1318 Words   |  6 PagesFredrick Douglass’s goals in writing the abolitionist appeal was to shed light on why slavery is something that should be condemned and talks about how the society should not use slaves to get things done. He was just trying to eradicate slavery and everything it stood for, and that shows what kind of person he was and speaks volumes to who he was as an individual. He was a tough person who never backed down, the best word to describe him would be a fighter, he fought for his country in a time where

Accounting Information Systems Cash Flow Statements

Question: Discuss about theAccounting Information Systemsfor Cash Flow Statements. Answer: Literature Review: Accounting information systems are used for accomplishing the essential objectives pertaining to management of financial assets that involve monitoring their utilization and performance alongside the cash flow. The necessity for financial management is perceived in the capabilities of financial capital to provide opportunities for sustainable development to the organizations. The different references to significance of accounting information systems as well as their specific functions of promoting stability and control in the financial management infrastructure of the organization have been noted in literature (Amrollahi, Ghapanchi Talaei-Khoei, 2013). The effectiveness of accounting information systems can be distinctively observed in the functionality of outcomes such as precise cash flow statements, detailed accounting reports, control over internal dynamics of financial assets and institution of credible frameworks for data collection and processing. The literature review is also indicative of the case of a prominent organization in Australia, Myers, which implements AIS and therefore references to the organizations structure, operational issues, methods for system acquisition, control issues and sales flowchart are evidently placed in the review. Organizational structure of Myers i.e. the selected organization for the literature review could be observed as a flat organizational structure with specific demarcation of the merchandizing department into a brand and marketing department. The flat organizational structure of Myers is characterized by assignment of ultimate authority to the CEO of the organization over other departments (Astri Gaol, 2013). The various departments in the organizational structure of Myers refer to the HR and legal, digital and data department, planning and business development, merchandise and marketing, secretarial management and store development initiatives. Organizational structure is a formidable precedent for determining the nature of information system infrastructure to be implemented in case of Myers (Astri Gaol, 2013). Therefore an evaluation of operational issues emerging from individual departments and their operational implications owing to organizational structure has been included as a promising insight in this literature review. Operational Issues: The organizational issues which are identified with respect to organizational structure can be observed in the ambiguity of objectives, limitations for communication, conflicts among departments and the concerns of inconsistency. Myers Australia is liable to experience issues due to the discrepancies in functional segmentation and the limitations on accounting flexibility (Dorasamy, Francis Jinabhai, 2014). The accounting management services of the organization are found to be implemented specifically for individual departments wherein the individual departments are held accountable for their departmental activities alongside monitoring the financial aspects of the department. The flat organizational structure that can be observed in case of Myers also poses another formidable threat in the form of reduction in reliability of the information. The unreliable nature of the information is responsible for creation of operational issues that lead indirectly to discrepancies in strategic decisions (Galliers Leidner, 2014). The minimal association of accounting and physical activity leads to proliferation of confusion that ultimately leads to depreciating performance of each department in the organization. System Acquisition Method: The system acquisition method refers to identification of an approach to design a suitable system that could address the organizational requirements for managing accounting information systems. The process for evaluating the appropriate accounting information system is initiated with a comprehensive review of available software packages in the market and reflecting on the capabilities of the package to fulfil the organizations requirements (Haux, et al., 2013). System acquisition is considered as a crucial part of the implementation of AIS in an organization since it involves comparison of the software packages ability to satisfy the organizations requirements with the desired specifications presented by client. The System flowchart of the sales procedure is shown in appendix. The evaluation of capability to fulfil organizational needs is necessary for determining the options for internal development of information systems or custom development software in case the software package is unable to cater the requirements for accounting information management. The evaluation stage leads to provision of RFP by the senior management of the organization to induce changes in hardware and software thereby implying notable changes in the AIS package selected in the previous stage (Higgo, 2016). Custom developed software is a reasonable option that can be considered as a system acquisition method for the selected case organization of Myers Australia proving to be efficient in the resolution of accounting concerns of the specific individual departments in the organization. On the other hand, the selection of custom developed software system acquisition method results in profound requirement of time and resources alongside inducing higher chances for errors. The prospects that could be derived from employing an external agency, software house or computer agency that can assist in fabrication of the custom software alongside facilitating the benefits of sustaining effective communication flow and controls over costs involved in the distinct organizational departments (Islam, 2015). Control Issues: Some of the critical issues that could be noted in the implementation of accounting information systems are observed for the aspects of control and possibilities of fraud that can be traced in the information systems (Jin, et al., 2014). The risks pertaining to control and fraud implications in the accounting information systems are reflective of remedial measures such as integration of control in the development process, include strict implications for enforcement, environmental security and initiatives for training and development of workforce responsible for monitoring security of the accounting information systems. Control objectives for an organization are independent entities that should be supervised through policies and procedures rather than exposing them solely to the concern of data processing methods. The noticeable factors which are responsible for proliferation of concerns of fraud in case of the accounting information management frameworks include formidable references to the increasing competition in the retail industry, expanse of distribution of the wide area networks and widespread demand for business intelligence (Jung, 2014). These factors increase the vulnerability of accounting information of an enterprise to external agencies such as hackers and competitors that would indicate profound inefficiency of the accounting information system. Therefore Myers could face cognizable setbacks with respect to internal controls in the domain of preventive, detective and corrective controls. For example the preventive controls could be influenced by the misappropriation of information from accounting information systems thereby implying the setbacks in comprehensive analysis of the available information (Mochoge, 2014). The organizational codes of practice as well as regulations established on the grounds of benchmarks derived from experiential analysis could be flexibly assumed as influential factors that can facilitate adequate opportunities for recognizing and resolving issues such as control problems and instance of fraud. It is imperative to resolve control and fraud related issues since these issues are associated with detrimental consequences of reduction in organization performance especially on the financial front. Development of an accounting software package alongside ensuring its feasible incorporation in the framework of Myers organizational structure is an uphill task that should be realized for obtaining plausible outcomes from the accounting information systems implemented in the organization. Technical support is explicitly necessary for an organization to leverage the unique competences facilitated by internet in the form a widespread network of telecom installations across varying industries. The capabilities of the internet to serve as a common platform for integration of diverse information network could be reflective of necessary requirement for adoption to obtain desired outcomes of implementing accounting software packages for financial management of Myers. The functions of human resource management in the specific domains of technical skills, training and development of accounting competences cannot be undermined. Therefore the functions should be provided to the staff at all times in order to address the basic objectives of the accounting software package such as design, usage and fabrication of accounting information and information technology services (Munemori, et al., 2013). The operational aspects of accounting information systems are subject to the observed efficiency of human resources in maintenance and monitoring of the system. Therefore the management of Myers must consider comprehensive integration of the workforce at all levels of system requirements that can be a viable contributor to the coordinated resolution of accounting management issues associated with the various departments through the accounting software package. Myers has been developing consistently and its efforts in technological advancements and innovation have led to the proliferation of necessity to adopt a computerized accounting framework. Computerized accounting software can be invariably considered as the promoter of organizational efficiency since it is capable of facilitating legible depreciation in time required for delivering products and services as well as providing reasonable platforms for development of operational processes (Obwegeser, Burcharth Carugati, 2015). Accounting software packages have become popular owing to the increasing concerns of intensive competition and therefore they have acquired potentially favourable market size. The developments in the designs of accounting software packages over the course of the last 10 years suggest prolific indications towards the diversity of application noticed in case of AIS (Sood, 2013). Despite the favourable statistics depicted by the accounting software packages in terms of market share, the efficiency of software packages cannot be solely attributed to the implications of market share since market share is a subjective entity. On the contrary, the efficiency of accounting software packages is observed in the performance of tax and audit services that are included in the packages. The performance of the tax and audit services is estimated as a plausible determinant of revenue and the independence of these services from the implications of variation in economic environment is a promising factor associated with the packages. The proficiency of accounting software packages is also observed in other noteworthy services such as advisory and consultancy services which are enhanced through the integration of innovative technological aspects in the package. Some examples of integration of innovative technology in the accounting software package include cloud computing services and data analytics. The notable accounting software packages which have established credible reputation in the Australian market include MyOB, Xero and Intuit. The presence of these packages has intensified the competition in the market alongside creating major ambiguities for clients. The necessity of the contemporary accounting software packages for financial management can be validated on grounds of requirement for effective and precise supervision and maintenance of accounting records (OTIM, GROVER SEGARS, 2015). The popularity of these software packages could also be evaluated on the grounds of inefficiencies observed in the traditional accounting frameworks and physical record keeping in the form of duplication, inappropriate formats and incorporation of irrelevant data. The rapid growth of the industrial as well as business sector in Australia characterized by development of SMEs created the increased necessity for fulfilling the primary requirements of accounting management through computerized systems. Business organizations such as Myers adopt accounting software packages in order to accomplish the objectives of reducing workload due to paperwork involved in accounting systems. Other necessary advantages that can be observed in case of the software packages refer to drastic reduction of needs for commissioning human capital, omission concerns and the implementation of financial resources as well as time. Adoption of an accounting software package becomes a profound concern for Myers owing to the lack of autonomy of individual business units such as tax and legal department, planning and development and the HR department. The prominently noticed lack of principles of accounting flexibility require the individual departments to prepare their individual accounting and financial reports and refer them to the accounting department. This creates the presence of a redundant accounting management framework involving major concerns of duplicated data as well as the implications for data security (Obwegeser, Burcharth Carugati, 2015). Data security can be compromised by the circulation of accounting information among departments which could be addressed favourably by the information centric security approach that can be complemented by the services of cloud data security in order to obtain plausible outcomes and sustainable competitive advantage. However, accounting software packages have been associated with formidable setbacks as identified by various clients and customers. The various setbacks are observed in the form of out-dated modules, lack of accuracy and features, minimal efficiency and security issues. Other profound issues could also be noted in the concerns of access privileges for external parties in the software which jeopardizes data security (Jin, et al., 2014). Furthermore, accessibility of data and the flexibility of the user interface also imply potential pitfalls in accounting software packages which have to be addressed by the application developers in order to provide a credible end product to customers. Conclusion: The report provided a clear impression of the implementation of accounting software packages with respect to the case of Myers Australia, a leading retail chain in Australia. The reports major highlights were observation of operational issues and control problems in the accounting information system of the organization and the implications of HRM functions to realize efficiency of the software packages as well as a critical overview of potential issues that are perceived by customers of accounting software packages. References Amrollahi, A., Ghapanchi, A. H., Talaei-Khoei, A. (2013). A systematic literature review on strategic information systems planning: Insights from the past decade.Verified OK. Astri, L. Y., Gaol, F. L. 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